Tech Company Financing Transactions
Sapphire Technologies Funding Round
Sapphire Technologies secured a $10 million Series B funding round on 8/16/2023. Investors included Energy Capital Ventures, Chevron Technology Ventures and Cooper and Company.
Transaction Overview
Company Name
Announced On
8/16/2023
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Series B
Investors
Proceeds Purpose
The company intends to use the funds to accelerate the development of its clean energy solution, the FreeSpin® In-line Turboexpander.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
16323 Shoemaker Ave
Cerritos, CA 90703
USA
Cerritos, CA 90703
USA
Phone
Website
Email Address
Overview
Sapphire Technologies develops and manufactures energy recovery systems such as turboexpanders that harness the power of gas expansion to produce reliable and clean electricity -- reducing global carbon footprint. Our systems are designed to convert energy wasted in pressure reduction processes into electric power without interrupting operations. By recovering this wasted pressure energy, we help companies maximize plant efficiencies, improve productivity, reduce carbon emissions, offset electrical costs and generate cashflow.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Vatche Artinian
Chief Executive Officer
Freddie Sarhan
Chief Financial Officer
Ian Hart
VP - Engineering
Stephen Richards
VP - Marketing
Nadine Traboulsi
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Where The Data Comes From
We do our best to record tech company VC transactions. VC investment data records reported here are sourced from company press releases and news coverage. The information is sourced from VentureDeal.com, an affiliated venture.
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